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The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year

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The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $120,000 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Amount $2,000 10,340 Amount $1,030 1,240 Accounts Accounts payable Accounts receivable Cash Fees earned Land Building Accounts Miscellaneous expense Office expense Supplies Wages expense Dividends 21,420 1,670 73,450 23,550 47,000 16,570 157,630 Required: Prepare a statement of stockholder's equity for the current year ended March 31. Be sure to complete the statement heading. Refer to the lists of Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. If a net loss is incurred or there is a decrease in stockholders' equity, enter that amount as a negative number using a minus sign Entries of (zero) are not required and will be deared if entered. Labels and Amount Descriptions Labels Expenses For the Month Ended March 31 For the Year Ended March 31 March 31 Amount Descriptions Balances, April 1 Balances, March 31 Dividends Issued common stock Net income Net loss Retained earnings Total expenses Total assets Total liabilities and stockholders' equity Prepare a statement of stockholder's equity for the current year ended March 31. Be sure to complete the statement heading. Refer to the lists of Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. If a net loss is incurred or there is a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. Entries of 0 (zero) are not required and will be cleared if entered Thompson' s Computer Services Statement of Stockholders' Equity For the Month Ended March 31 1 Retained Common Stock Total Earnings 2 Issued common stock $25,000.00 $25,000.00 3 Net income 47,630.00 47,630.00 4 Dividends 16,570.00 16,570.00 5 Balance, March 31 6

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